UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 30 June 1999
Check here if Amendment [ ]; Amendment Number;
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Beta Management Limited
Address: Second Floor, Zephyr House, Mary Street
P.O. Box 709
George Town, Grand Cayman
Cayman Islands, BWI
13F File Number:
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all information
contained herein is true, correct and complete, and that it is
understood that all required items, statements, schedules, lists,
and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Rajpal Arulpragasam
Title: President
Phone: (203) 497-8750
Rajpal Arulpragasam New Haven, CT 07 July 1999
Report Type (Check only one)
[X] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager:
<TABLE> <C> <C>
FORM 13F INFORMATION TABLE
NAME OF TITLE OF CUSIP VALUE SHARES SH/PRN INVST OTHER VOTING AUTHORITY
ISSUER CLASS (x$1000) DESC MGR SOLE SHARED NONE
- ------------------------------------------------------------------------------------------------------------------------
ADC TELECOM STK COM 000886101 966 21200 SH SOLE 8400 0 12800
AIRBORNE FREIGHT STK COM 009266107 1952 70500 SH SOLE 31400 0 39100
ALPHA INDUSTRIES COM 020753109 533 11200 SH SOLE 3500 0 7700
AMAZON COM COM 23135106 638 5100 SH SOLE 2000 0 3100
AMER MGMT STK COM 027352103 686 21400 SH SOLE 5000 0 16400
AMERICA ONLINE STK COM 02364J104 2035 18500 SH SOLE 7200 0 11300
AMERITECH STK COM 030954101 1536 20900 SH SOLE 7900 0 13000
ANDREW STK COM 034425108 975 51500 SH SOLE 23300 0 28200
APOLLO GROUP STK COM 037604105 1756 66100 SH SOLE 28300 0 37800
APPLE COMPUTER STK COM 037833100 546 11800 SH SOLE 4700 0 7100
APPLIED MATERIAL STK COM 038222105 347 4700 SH SOLE 1900 0 2800
APPLIED POWER STK COM 038225108 456 16700 SH SOLE 5500 0 11200
ATMEL STK COM 049513104 492 18800 SH SOLE 6400 0 12400
AUTOZONE STK COM 053332102 699 23200 SH SOLE 11200 0 12000
BALL STK COM 058498106 1128 26700 SH SOLE 9400 0 17300
BE AVIONICS STK COM 073302101 353 18900 SH SOLE 5000 0 13900
BERGEN BRUNSWIG STK COM 083739102 1171 67900 SH SOLE 31500 0 36400
BROWNING FERRIS STK COM 115885105 2653 61700 SH SOLE 21900 0 39800
BRUNSWICK STK COM 117043109 1505 54000 SH SOLE 14800 0 39200
C CUBE MICROSYS STK COM 125015107 602 19000 SH SOLE 8800 0 10200
CABLETRON SYS STK COM 126920107 303 23300 SH SOLE 9200 0 14100
CBS CORPORATION STK COM 12490K107 1006 23100 SH SOLE 10200 0 12900
CENDANT STK COM 151313103 980 47800 SH SOLE 20500 0 27300
CENTOCOR STK COM 152342101 1292 27700 SH SOLE 10400 0 17300
CHARLES SCHWAB STK COM 808513105 458 4200 SH SOLE 1100 0 3100
CIBER INC COM 17163B102 809 42300 SH SOLE 20900 0 21400
CIRCUIT CITY STR STK COM 172737108 865 9300 SH SOLE 3000 0 6300
CISCO SYSTEMS STK COM 17275R102 1147 17800 SH SOLE 7000 0 10800
CLEAR CHANNEL STK COM 184502102 2220 32200 SH SOLE 13400 0 18800
COLGATE STK COM 194162103 887 9000 SH SOLE 3800 0 5200
COLUMBIA HCA STK COM 197677107 1471 64500 SH SOLE 25500 0 39000
COMAIR STK COM 199789108 885 42500 SH SOLE 13800 0 28700
COMCAST STK K COM 200300200 1384 36000 SH SOLE 13900 0 22100
COMPUWARE STK COM 205638109 576 18100 SH SOLE 6500 0 11600
COMVERSE TECH STK COM 205862402 2397 31750 SH SOLE 13050 0 18700
CYPRESS SEMI STK COM 232806109 1683 98300 SH SOLE 35900 0 62400
ELECTRONICS IMAG STK COM 286082102 1742 33900 SH SOLE 13200 0 20700
ERICSSON ADR COM 294821400 746 22639 SH SOLE 3000 0 19639
ETEC SYSTEMS STK COM 26922C103 346 10400 SH SOLE 3700 0 6700
FEDERAL EXPRESS STK COM 313309106 369 6800 SH SOLE 2500 0 4300
FEDERATED DEPT STK COM 31410H101 831 15700 SH SOLE 4700 0 11000
FRUIT OF LOOM STK COM 359416104 871 89300 SH SOLE 33900 0 55400
GEN INSTRUMENT STK COM 370121105 1313 30900 SH SOLE 15500 0 15400
GEN NUTRITION STK COM 37047F103 1058 45400 SH SOLE 16400 0 29000
GREAT LAKES CHEM STK COM 390568103 608 13200 SH SOLE 4200 0 9000
GUIDANT STK COM 401698105 2076 40600 SH SOLE 16100 0 24500
HADCO STK COM 404681108 1300 32700 SH SOLE 10200 0 22500
HARRAHS ENTER STK COM 413619107 686 31100 SH SOLE 13600 0 17500
HEALTHSOUTH REH STK COM 412904104 2432 163500 SH SOLE 60400 0 103100
HILLENBRAND STK COM 431573104 1176 27200 SH SOLE 7500 0 19700
HILTON HOTELS STK COM 432848109 349 24600 SH SOLE 9800 0 14800
HNC SOFTWARE STK COM 40425P107 1159 37600 SH SOLE 13600 0 24000
HUTCHINSON TECH STK COM 448407106 341 12300 SH SOLE 5200 0 7100
IBM STK COM 459200101 3878 30000 SH SOLE 11600 0 18400
ICN PHARMACEU COM 448924100 528 16400 SH SOLE 6800 0 9600
IMC GLOBAL INC COM 449669100 711 40900 SH SOLE 15100 0 25800
INSIGHT ENTR STK COM 45765U103 228 9200 SH SOLE 9200 0 0
INTERPUBLIC GRP STK COM 460690100 450 5200 SH SOLE 500 0 4700
JP MORGAN STK COM 616880100 646 4600 SH SOLE 2000 0 2600
KLA INSTRUMENTS STK COM 482480100 1894 29200 SH SOLE 11400 0 17800
LATTICE STK COM 518415104 367 5900 SH SOLE 3200 0 2700
LEGATO SYSTEMS STK COM 524651106 2472 42800 SH SOLE 17700 0 25100
LEVEL 3 COMMS COM 52729N100 318 5300 SH SOLE 1800 0 3500
LILLY STK COM 532457108 1726 24100 SH SOLE 10800 0 13300
LINCARE HLDS STK COM 532791100 483 19300 SH SOLE 8900 0 10400
MALLINCKRODT STK COM 561232109 437 12000 SH SOLE 8400 0 3600
MAYTAG STK COM 578592107 1299 18600 SH SOLE 7200 0 11400
MCKESSON STK COM 581557105 570 17700 SH SOLE 5500 0 12200
MEDIAONE GROUP COM 58440J104 483 6500 SH SOLE 1800 0 4700
MEDQUIST STK COM 584949101 783 17900 SH SOLE 6200 0 11700
MEDTRONIC STK COM 585055106 1760 22600 SH SOLE 8300 0 14300
MICRO WAREHOUSE STK COM 59501B105 2070 115800 SH SOLE 45600 0 70200
MIRAGE RESORTS STK COM 60462E104 353 21100 SH SOLE 5600 0 15500
MODIS PROF SERVICES COM 607830106 593 43700 SH SOLE 8700 0 35000
MYLAN LABS STK COM 628530107 496 18700 SH SOLE 6600 0 12100
NATL SEMICONDUCT STK COM 637640103 1688 66700 SH SOLE 23900 0 42800
NETWORK ASSOCIATES COM 640938106 383 26100 SH SOLE 9800 0 16300
NEXTEL COMMS STK A COM 65332V103 733 14600 SH SOLE 4700 0 9900
NIKE STK COM 654106103 900 14200 SH SOLE 7900 0 6300
NORTEL NETWORKS COM 656569100 807 9300 SH SOLE 2100 0 7200
OWEN CORNING STK COM 69073F103 1176 34200 SH SOLE 14100 0 20100
PAC SUNWEAR CA STK COM 694873100 602 24700 SH SOLE 11400 0 13300
PEOPLESOFT STK COM 712713106 1030 59700 SH SOLE 25000 0 34700
PEPSICO STK COM 713448108 959 24800 SH SOLE 12100 0 12700
PIONEER HI BRED STK COM 723686101 942 24200 SH SOLE 9500 0 14700
PROFIT RECOVERY STK COM 743168106 388 8200 SH SOLE 3500 0 4700
PROVIDIAN STK COM 74406A102 2993 32100 SH SOLE 12100 0 20000
QWEST COMMUNICA COM 749121109 965 29200 SH SOLE 10400 0 18800
RADIAN GROUP COM 750236101 400 8200 SH SOLE 2100 0 6100
RATIONAL SFTW STK COM 75409P202 537 16300 SH SOLE 5400 0 10900
RENAL CARE GRP STK COM 759930100 2730 105500 SH SOLE 38300 0 67200
ROYAL DUTCH STK COM 780257804 488 8100 SH SOLE 2600 0 5500
RYDER SYSTEM STK COM 783549108 819 31800 SH SOLE 13400 0 18400
SANMINA STK COM 800907107 964 12700 SH SOLE 4900 0 7800
SEAGATE TECH STK COM 811804103 492 19200 SH SOLE 7200 0 12000
SHARED MED SYS STK COM 819486101 359 5500 SH SOLE 1800 0 3700
SIEBEL SYSTEMS COM 826170102 1048 15800 SH SOLE 5600 0 10200
SMITHFIELD FOODS STK COM 832248108 1073 32100 SH SOLE 16100 0 16000
SNYDER COMM STK COM 832914105 966 29500 SH SOLE 13600 0 15900
SOLECTRON STK COM 834182107 1214 18200 SH SOLE 7400 0 10800
SOTHEBYS STK COM 835898107 1395 36600 SH SOLE 14600 0 22000
ST JUDE MEDICAL STK COM 790849103 695 19500 SH SOLE 7100 0 12400
STET SOCIETA STK COM 859152100 1186 61200 SH SOLE 21300 0 39900
SUN MICROSYS STK COM 866810104 2741 39800 SH SOLE 13700 0 26100
SYLVAN LEARING STK COM 871399101 837 30800 SH SOLE 9700 0 21100
SYMANTEC STK COM 871503108 1099 43100 SH SOLE 14700 0 28400
SYMBOL TECHS STK COM 871508107 985 26700 SH SOLE 9900 0 16800
SYNOPSYS STK COM 871607107 375 6800 SH SOLE 2400 0 4400
TEKTRONIX STK COM 879131100 326 10800 SH SOLE 4200 0 6600
TELLABS STK COM 879664100 2189 32400 SH SOLE 10500 0 21900
THREECOM STK COM 885535104 649 24300 SH SOLE 9700 0 14600
TOYS R US STK COM 892335100 809 39100 SH SOLE 15100 0 24000
TRANSOCEAN OFF COM 893817106 483 18400 SH SOLE 5100 0 13300
UNISYS STK COM 909214108 2340 60100 SH SOLE 24500 0 35600
US WEST STK COM 91273H101 535 9100 SH SOLE 2600 0 6500
USA NETWORKS COM 902984103 1701 42400 SH SOLE 15600 0 26800
WALGREEN STK COM 931422109 702 23900 SH SOLE 9400 0 14500
WALT DISNEY STK COM 254687106 1772 57500 SH SOLE 23600 0 33900
WATSON PHARM COM 942683103 649 18500 SH SOLE 7100 0 11400
WHIRLPOOL STK COM 963320106 2546 34400 SH SOLE 13600 0 20800
WHOLE FOODS STK COM 966837106 2278 47400 SH SOLE 18200 0 29200
WORLDCOM STK COM 98155K102 1548 17983 SH SOLE 7124 0 10859
YAHOO STK COM 984332106 689 4000 SH SOLE 1600 0 2400
</TABLE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 123
Form 13F Information Table Value Total: $132525 (x1000)
List of Other Included Managers:
